The first paper money of Germany
In Germany before its association in 1871 various princedoms and private commercial banks let out paper bank notes in 19 century in thalers (northern Germany) and in guldens 9 (southern Germany). In Saxony exchequer signs were issued since 1772, in Schleswig-Holstein - since 1787, in Prussia - since 1806.
After association of Germany in 1871 and introductions in it of uniform monetary unit mark = to 100 pfennigs = 1/3 old fereynstalers paper bank notes began to let out RеiсhsЬапk face values from 20 to 1000 marks (reyhsbanknota) and imperial exchequer face values from 5 to 50 marks (treasury notes), uniform for all Germany.
Up to the beginning of the First World War of a banknote of Germany were freely exchanged for a hard coin. Exchange of banknotes has been stopped after the war beginning, and tickets have turned to purely paper money.
In the beginning of 20 centuries paper bank notes began to be issued by face values in rupees in the German East Africa and face values in marks in the German Southern Africa and the German New Guinea.
Besides, paper bank notes face values in marks let out separate regional banks (in Bavaria, Baden, Wurtemberg and Saxony).
the Author: Denisov A.E.